Cheap New Mexico Car Insurance

Find affordable auto insurance that works for you in New Mexico. Compare quotes from over 100 top companies.

Location pin icon
glyph-shield-checkmarkNo junk mail. No spam calls. Free quotes.

Here's what you need to know when driving in New Mexico

Across the Land of Enchantment, there are 142,940 miles of road just waiting to be driven. We’ll help you gather insurance quotes online. Then, you take the wheel, knowing that you got the best value insurance on the market.


Affordable insurance companies in New Mexico

What's the cheapest car insurance in New Mexico?
RankCompany NameAvg. Annual Premium
3State Farm$1,063
6The Hartford$1,339
8Cal Casualty$1,607

Get quotes from dozens of companies that provide coverage throughout New Mexico. Enter your ZIP code below to get started.

Compare New Mexico car insurance quotes from top providers.

Location pin icon
glyph-shield-checkmarkNo junk mail. No spam calls. Free quotes.

Cheap auto insurance for good drivers in New Mexico

Drivers with good driving records typically enjoy lower car insurance costs than drivers with histories of speeding tickets, at-fault accidents, or DUI citations. New Mexico drivers without a recent moving violation can save 15% on their car insurance premiums, on average — compared to the national average of 17%. In addition to earning a cheaper premium for driving incident-free, you may qualify for a safe-driving bonus through your car insurance company. The amount of these discounts may vary, but they typically run between 5 and 10%.

Rating Factor$ Savings% Savings
No Traffic Tickets$24715.78%
No Accidents$65533.19%
Good Credit$87940.01%


Cheap auto insurance for young drivers in New Mexico

Young drivers (those between the ages of 16 and 25) pay extraordinarily high auto insurance rates, with those aged 16-19 paying the most expensive premiums of all. Because of the risk presented by inexperienced drivers, teens pay more than three times the national average for car insurance. In New Mexico, the typical teen driver pays $4,996 per year, which aligns closely with the national average for all teen drivers.

AgeAnnual Rate with ParentsAnnual Rate Alone


Cheap auto insurance for bad drivers in New Mexico

If you have a clean driving record — no at-fault accidents, speeding tickets, DUIs, or other recent citations — you'll probably pay less for car insurance. Conversely, a bad driving record will cause your rates to skyrocket: car insurance premiums typically increase by 34% after a DUI, 33% after an at-fault accident, and 15% after a speeding ticket in New Mexico. The post-citation penalties assessed by car insurance companies after DUI violations and at-fault accidents in New Mexico align with nationwide averages, but drivers enjoy lower-than-average rate hikes after speeding tickets. If you have a clean driving record, be sure to check for good-driving discounts from your insurer.

Rating FactorAnnual Rate% Increase
At-Fault Accident$1,97233.19%
Speeding Violation$1,56415.78%
Bad Credit$2,19640.01%

Compare insurance rates quickly and easily.

Location pin icon
glyph-shield-checkmarkNo junk mail. No spam calls. Free quotes.

Top rated car insurance companies in New Mexico

Each car insurer emphasizes its low premiums. But as with any product or service, the cheapest car insurance isn't always the best choice. Considering the financial stakes, it's worth doing your homework to find an auto policy that will cover your car completely after an incident. Hunt for the best value, instead of settling for the cheapest auto insurance you can find.

Use the table below to better understand the quality of service you'll receive. You'll see reviews for popular auto insurers' financial strength, claims satisfaction, and customer satisfaction including an internal satisfaction score from The Zebra's customers. 


Insurance Company

Claims Satisfaction

(J.D. Power)

Customer Satisfaction

(J.D. Power)

Financial Strength

(A.M. Best)

Customer Satisfaction

(The Zebra)

AllstateAbove averageAverageSuperior4.3 / 5
Cal CasualtyN/AN/AGoodN/A
MetLifeExcellentBelow averageExcellentN/A
ProgressiveBelow averageBelow averageExcellent4.3 / 5
State FarmAbove averageAbove averageSuperior4.5 / 5
The HartfordExcellentAbove averageExcellentN/A
TravelersBelow averageBelow averageSuperior4.3 / 5
USAAExcellentExcellentSuperior4.6 / 5


New Mexico auto insurance laws

In New Mexico, drivers are required to maintain liability insurance coverage at or above the below levels:

  • Bodily Injury $25,000 per person
  • Bodily Injury $50,000 per accident
  • Property Damage $10,000 per accident

Optional coverage in New Mexico (varies by carrier):

  • Comprehensive
  • Collision
  • Loan/Lease Payoff
  • Medical Payments
  • Rental Car Reimbursement
  • Roadside Assistance
  • Uninsured/Underinsured Motorist Bodily Injury
  • Uninsured Motorist Property Damage

For the legal minimum coverage level in New Mexico, expect to pay an average of $609 each year. This average cost is cheaper than the U.S. average by 7%. If you opt for better coverage, you can purchase a policy with comprehensive and collision coverage, which will protect against damages caused by car collisions, theft, vandalism, or weather incidents. Better auto insurance comes at a cost: in New Mexico, a comprehensive policy with a $1,000 deductible runs $1,188, 95% more than liability-only coverage. For a comprehensive policy with a $500 deductible, expect to pay 119% more than you might for a liability-only policy.

Learn more about car insurance laws in New Mexico.

Get New Mexico car insurance now!

Location pin icon
glyph-shield-checkmarkNo junk mail. No spam calls. Free quotes.

How tickets change insurance rates in Mexico

If you get a ticket, your car insurance rates will probably rise. By how much depends on the severity of the violation, your insurer's pricing standards, and differing local insurance risks and regulations. That's why tickets may have a different impact on insurance in your state compared to the national average.

Below is a snapshot of average car insurance rates in New Mexico after a few common violations.

ViolationAvg. Annual Auto Insurance Rate% Insurance Rate Increase$ Insurance Rate Increase
Hit and Run$2,23966%$887
Refused Breathalyzer/Chemical Test$2,05452%$703
Reckless Driving$2,02850%$676
Driving with a Suspended License$1,92943%$578
At-Fault Accident$1,92743%$575
Driving with an Open Container$1,59818%$246
Operating a Vehicle Without Permission$1,71727%$365
Passing a School Bus$1,71227%$361
Improper Passing$1,68425%$332
Following Too Closely$1,68425%$332
Failure to Stop at a Red Light$1,68425%$332
Illegal Turn$1,68525%$334
Driving Wrong Way/Wrong Lane$1,68425%$332
Failure to Yield$1,68425%$332
Speeding in a School Zone$1,64922%$297
Driving Too Slowly$1,64822%$296
Distracted Driving$1,66323%$312
Driving with Expired Registration$1,4709%$119
Failure to Show Documents$1,4709%$119
Not-at-Fault Accident$1,4809%$128
Failure to Use Child Safety Restraint$1,4709%$119
Failure to Wear a Seat Belt$1,4709%$119
Driving Without Lights$1,4406%$88


New Mexico car insurance FAQs

Who actually has the cheapest car insurance in New Mexico?

For our average user profile, Safeco ($497) and USAA ($511) have the cheapest car insurance in New Mexico.

Is car insurance cheaper in New Mexico?

Rates in New Mexico are about average compared to the rest of the U.S. Our data suggest New Mexican drivers pay $64 less per year than do drivers in the rest of the U.S.

Is New Mexico a no-fault state for car insurance?

No — New Mexico is currently an at-fault state. Meaning at-fault drivers must pay for the bodily injury damages they cause to other people.

How much does car insurance cost in New Mexico cities?

Car insurance companies calculate your rate based on many factors, location of the vehicle being an important one. The cheapest car insurance is found in Alamogordo, New Mexico, and the most expensive in Albuquerque, New Mexico.

RankCityAvg. Annual Premium
2Rio Rancho$1,432
5Santa Fe$1,356
7Los Alamos$1,277
9Las Cruces$1,216


Recent Questions:

Can insured party use their own coverage after not-at-fault accident?

I don't really have any resources for you. The uninsured driver who is at fault in the accident will be responsible for the damages.
Aug 21, 2018 Albuquerque, NM

Will my rate go up for filing a claim even if I have accident forgiveness?

It really will depend on how your previous accident was categorized. If you were considered to be at fault in the previous crash then your accident forgiveness was likely used during that particular claim.
Jul 24, 2017 Albuquerque, NM

Is there a time of year that is cheapest to buy insurance?

Unfortunately for consumers there isn't a "Black Friday" for car insurance. Insurance companies are regulated by each state and providing discounted rates for buying at certain times is not legal.
Mar 29, 2017 Taos, NM

Should I file a claim if my repair cost is $1,500?

In New Mexico, our State of Insurance report shows that an at fault accident increases rates by an average of $596 additionally per year. Since accidents impact your rate for at least 3 years, you would be paying an extra $1,788 in premium over that time frame.
Jan 2, 2017 Albuquerque, NM

Ross Martin
Ross MartinManager, Content Quality

As a licensed insurance agent, Ross researches and writes insurance content intended to help users make informed decisions.

Ross's background is in writing and education. He holds a master's degree from Royal Holloway, University of London. Ross has been quoted by CNET, and Kin Insurance, and his work has been cited by Car and Driver.